Economics 9708 · AS & A Level · 6.3

6.3 — practice question

The table presents the Canadian current account within the balance of payments for 2005 and 2006. Which item’s change made the biggest contribution to the shift from a surplus to a deficit in the Canadian current account balance between 2005 and 2006?

  • Abalance of trade in goods (62 372 in 2005 to −4 568 in 2006)
  • Bbalance of trade in services (12 055 in 2005 to −22 663 in 2006)
  • Cinvestment income balance (−22 917 in 2005 to −14 145 in 2006)
  • Dtransfers balance (−1 498 in 2005 to −2 148 in 2006)

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